Although the VN-Index only gained slightly by 3.24 points (+0.25%) in the morning session, it remained above the reference line for the entire time, indicating a positive trend. This is a result of buying pressure pushing the prices higher, with blue-chips leading the way in terms of both points and liquidity, accounting for over half of the market.
The trading dynamics continue to exhibit frequent fluctuations, and the morning session was no exception. At its peak, the VN-Index rose 4.8 points above the reference, while at its lowest, it was still up by more than 1 point. Thus, the amplitude of oscillations was relatively small, and even at its weakest, the breadth remained positive with 192 gainers and 136 losers, indicating a predominantly bullish sentiment.
This is a positive development compared to previous sessions, where dips below the reference line were common. Currently, buyers are comfortable with higher prices, and selling pressure at lower prices has diminished. At the morning session’s close, the VN-Index had 218 gainers and 134 losers, with the winners accounting for 67% of the total floor liquidity.
In terms of index points, the blue-chip VN30 group is clearly leading the way. The VN30-Index ended the session up 0.41%, while the Midcap and Smallcap indices rose 0.34% and 0.36%, respectively. Of the blue-chips, 16 advanced while 11 declined, and their matching orders accounted for approximately 55.7% of the total matching value on the HoSE. Excluding MWG, which fell 1.53%, SSI, down 0.91%, and HDB, down 0.92%, all other blue-chips with liquidity exceeding 100 billion VND in the VN30 basket rose. Furthermore, 9 of the top 10 stocks contributing the most points to the VN-Index were from this basket.
However, in terms of amplitude, the VN30 group contributed only 4 stocks to the group of stocks rising more than 1%, namely ACB, up 1.96%, HPG, up 1.96%, VHM, up 1.56%, and MSN, up 1.33%. The HoSE floor still had 58 stocks rising more than 1%, mostly in the medium and small groups, but these stocks had a minor impact on the index. Many stocks with strong liquidity and good money flow included DBC, up 1.88% with a matching volume of 221.6 billion VND; VTP, up 6.41% with a matching volume of 186.3 billion VND; KBC, up 1.99% with a matching volume of 121.4 billion VND; and HAH, up 1.45% with a matching volume of 113.3 billion VND. Stocks like QCG, SGR, CTR, BMC, SZC, DPG, and KSB had significantly lower liquidity but saw price increases of over 2%.
At present, the amplitude of the VN-Index’s rise is not sufficient to trigger a state of high excitement. In fact, while the index does not fully reflect the stock transactions, a strong rise in the VN-Index always boosts investor morale. This morning, a decline in VCB (-0.55%), BID (-0.1%), GAS (-0.28%), and VNM (-0.44%) significantly impacted the index. Additionally, CTG, TCB, and VPB, which are banking pillars, lacked strength.
Nevertheless, due to a significant reduction in selling pressure, especially as investors are reluctant to sell at lower prices, stock price support is favorable. At the end of the session, the VN-Index still had 134 losers, but most of these fluctuations were minor. Only 39 stocks fell more than 1%, and their liquidity accounted for less than 10% of the market, mostly due to MWG’s matching volume of 540.3 billion VND, resulting in a 1.53% decline.
Foreign investors are also showing improved participation, with total buying value on HoSE increasing by 60% compared to yesterday morning, reaching 751.8 billion VND. Selling value also increased by about 30% to 829.4 billion VND, resulting in a slight net sell-off of 77.6 billion VND. The largest selling transactions were in MWG (-123.7 billion VND), STB (-48.2 billion VND), HDB (-47.6 billion VND), SSI (-44 billion VND), VPB (-32.2 billion VND), CTG (-28.3 billion VND), and PVD (-23.6 billion VND). Notable buying transactions included HPG (+111.7 billion VND), TCB (+82.3 billion VND), DBC (+42.8 billion VND), and VTP (+20.2 billion VND).
